NZSaver
26/11/2024
How much should I contribute to KiwiSaver?
Liam, one of our advisers, discusses contribution rates to investment plans, noting that you can contribute fixed percentages of 3%, 4%, 6%, 8%, or 10%.
These rates can be adjusted through your provider or the IRD.
He emphasises that contributing more will positively impact long-term returns, although the ideal amount depends on individual circumstances.
Liam encourages contributing as much as you can at any given time, highlighting that contributions of 8% or 10% can significantly enhance your compound returns over time.
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